Glenmede Trust Co. NA Buys 3,643 Shares of Sanmina Corporation $SANM

Glenmede Trust Co. NA increased its position in Sanmina Corporation (NASDAQ:SANM) by 25.2% in the 1st quarter, HoldingsChannel reports. The fund owned 18,105 shares of the electronics maker’s stock after buying an additional 3,643 shares during the quarter. Glenmede Trust Co. NA’s holdings in Sanmina were worth $2,347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SANM. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sanmina during the 3rd quarter valued at $26,000. Employees Retirement System of Texas purchased a new position in Sanmina in the 4th quarter worth approximately $39,000. Northwestern Mutual Wealth Management Co. boosted its stake in Sanmina by 182.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after purchasing an additional 219 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in Sanmina by 235.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock worth $55,000 after purchasing an additional 259 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in Sanmina during the 4th quarter valued at approximately $60,000. Institutional investors own 92.71% of the company’s stock.

Sanmina Stock Up 7.4%

Shares of SANM opened at $207.46 on Wednesday. The stock has a market capitalization of $11.12 billion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 0.68 and a beta of 1.59. Sanmina Corporation has a 1 year low of $108.36 and a 1 year high of $288.68. The business’s 50 day simple moving average is $229.43 and its 200-day simple moving average is $188.48. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.78 and a quick ratio of 1.06.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.54. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the prior year, the company earned $1.53 EPS. The company’s quarterly revenue was up 69.7% compared to the same quarter last year. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. As a group, equities analysts expect that Sanmina Corporation will post 10.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SANM shares. JPMorgan Chase & Co. reduced their price objective on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings raised shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 15th. Finally, Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sanmina has an average rating of “Moderate Buy” and a consensus target price of $198.33.

Insider Transactions at Sanmina

In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the completion of the transaction, the chief financial officer owned 77,000 shares in the company, valued at $20,466,600. This trade represents a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by insiders.

About Sanmina

Sanmina Corporation is a leading global electronics manufacturing services (EMS) provider specializing in the design, production and end-to-end supply chain solutions for complex electronic products. Founded in 1980, the company has built a reputation for delivering high-reliability manufacturing across a wide range of industries, including communications, computing, aerospace and defense, medical, automotive and industrial sectors.

Sanmina’s core offerings encompass product design and engineering support, precision PCB fabrication and assembly, system integration, testing, and final system deployment.